How a small stake in Beyond Meat turned into $135 million for a traditional agriculture company

Bunge Limited, a traditional agri-business company, reported a huge earnings beat Wednesday due to a boost from an early investment in Beyond Meat. Bunge owns 1.63% stake in the plant-based meat alternatives company which has gained more than 800% since its May IPO. The venture is an important vehicle for Bunge as consumer tastes change, the company said. Read more on Markets Insider.

Bunge Limited, a traditional agri-business company, reported a huge earnings beat Wednesday due to a boost from an early investment in Beyond Meat. Bunge owns 1.63% stake in the plant-based meat alternatives company which has gained more than 800% since its May IPO. The venture is an important vehicle for Bunge as consumer tastes change, the company said. Read more on Markets Insider.

What some veg and plastic binder can do...,,,😇

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Here's what to expect from Beyond Meat earningsSince its May initial public offering, the stock is up 775% and has drawn interest from short sellers. Alright then...
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks making the biggest moves after hours: Beyond Meat, AK Steel and CognexSee which stocks are posting big moves after the bell on July 29. $AKS up? 🤔
La source: CNBC - 🏆 12. / 72 Lire la suite »